Senate News

The remaining “10%” of issues center mainly on DeFi, which Brian Armstrong says lawmakers are addressing carefully to preserve innovation.

The shutdown could stall progress on the crypto market structure bill, but lawmakers continue to insist the legislation is on track.

White House adviser Kevin Hassett says the US government shutdown will likely end this week, which could restart crypto regulatory progress.

HB 183 revives Florida’s crypto-reserve push, allowing up to 10% in digital assets while adding tougher custody, documentation and fiduciary standards.

Democratic senators have been criticized for pitching a counter-proposal to the market structure bill that could effectively “kill DeFi.”

A Coinbase executive and three other crypto tax and policy specialists will meet with the Senate Finance Committee next Wednesday to discuss digital asset tax matters.

Stephen Miran has made few public statements on crypto or blockchain, but signaled in interviews before joining the Trump administration that he would support digital assets.

The group of 12 senators stressed the need for a bipartisan solution to market structure as Republicans on the banking committee plan to pass a bill this month.

Coinbase, Kraken, Ripple, a16z and others pressed the Senate to add explicit protections for developers and non-custodial services in the market structure bill.

Seven organizations affiliated with crypto urged a quick confirmation of Brian Quintenz to the CFTC, though nothing was scheduled on the Senate calendar before its recess.

The Wyoming lawmaker is one of the Republicans taking the lead to pass market structure in the US Senate.

The end of the almost five-year legal dispute will enable the agency to dedicate more time to developing clear regulatory frameworks, according to SEC Chair Paul Atkins.

The US Senate is not scheduled to be in session until Sept. 2, but Senator Elizabeth Warren offered a preview for how she may address the CLARITY Act.

DeFi Education Fund called on the Senate Banking Committee to frame a key crypto market bill in a more tech-neutral way and strengthen crypto developer protections in a recent letter.

Andreessen Horowitz urged the US Senate Banking Committee to scrap the “ancillary asset” concept in draft crypto legislation, warning of loopholes.